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Harford Bank’s electronic check recovery service, Re$ubmitIt, significantly reduces the burden of collecting funds form NSF checks, while potentially doubling your recovery rate. You’ll collect more returned checks and get 100% of the face value of all checks that are collected electronically!
The Re$ubmitIt electronic check recovery service handles the collection process electronically from beginning to end, via the Automated Clearing House (ACH) network for re-presentment directly to the check writer’s bank account.
To be eligible for electronic recover, a returned check must:
Be a personal check to a business (not a business to business check)
Be under $2,500
Be less than 180 days old from the date of transaction
Cannot have been already submitted twice, either electronically or by paper draft
Returned items that are less than $2,500 and ineligible for electronic re-presentment are re-submitted to the check writer’s account as a paper draft, subject to eligibility requirements. Items greater than $2,500 are returned to the business.
If you have questions about the Re$ubmitIt electronic check recovery service, please e-mail them at [email protected].
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8 West Bel Air Avenue, Aberdeen, MD 21001 410-272-5000 · Harford Bank © 2016 All rights reserved.
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